Skip to content

Advance Income Tax
100% Online Tax Compliance

The taxpayer is required to pay the Income Tax on an advance basis in 3-4 instalments depending on the type of taxpayer. We help you compute the advance tax and comply with the income tax provisions within its due date.
Google review
Trustpilot Logo

Get in touch with us

Your Information is safe with us

Advance Payment of Income Tax

The payment of income tax is required to be made on an estimated basis during the financial year itself. The legal provisions of payment of the advance tax are mandatory in case the tax payable is more than Rs. 10,000/- in a financial year.

Due Date of Payment of Advance Tax

S. NO. DUE DATE ADVANCE TAX PAYABLE PRESUMPTIVE TAX
1
On or before 15th June
15%
Average Rate
2
On or before 15th Sept
45%
-
3
On or before 15th Dec
75%
-
4
On or before 15th March
100%
-
5
By 31st March
-
100%
Advance payment of income tax

How We Help

Evaluate

We analyse your requirements based on the information you share in the inquiry form.

Discuss

Our relationship advisor will contact you to assist you in placing the order with us

CERTIFICATE

Deliver

The team prepares and applies to govt offices and tracks the application until it gets processed.

Our Packages

Company Registration @ Rs. 3,999/-*
* Our Professional Fee Only, Govt fee &

Calculate All Inclusive Cost of Company Incorporation

Key Point of Advance Tax

STEP 1 – Meaning of Advance Tax
In general scheme of taxation a taxpayer is required to pay income tax after the conclusion of the financial year, However, if the total income tax payable is more than 10,000/- in a financial year then the tax is to be paid in advance as per due date.
STEP 2 – Who is Exempt From Advance Tax
An Individual, HUF or firm whose income is taxed on the presumptive basis under income tax is not required to pay tax in advance, this relaxation is ordinarily available to small business, paying tax as a % of the turnover and not on actual profits.
STEP 3 – Interest on Late Payment
The advance tax must be paid within due date; the dates are provided hereunder for easy reference. On the late payment of advance tax, the taxpayer is liable for an interest @ 1% per month or part thereof.
STEP 4 – Who Needs to Pay Advance Tax
Every taxpayer, whether he is a salaried employee, freelancer or having business income in a proprietorship, Firm, OPC, LLP or a company is required to pay income tax on advance basis if the tax is more than 10k during the FY.
STEP 5 – What is Presumptive Taxation
The taxpayer under presumptive taxation has to pay tax on 8% of the turnover. Only individual, HUF and partnership firms qualify for presumptive taxation. In case of trading, the turnover limit is two crore whereas for professionals it is 50 lacs.
STEP 6 – Interest on Deferment of Advance Tax
The payment of income tax is required to be made on estimated basis during the financial year itself. The legal provisions of payment of the advance tax are mandatory in case the tax payable is more than Rs. 10,000/- in a financial year.

Get Started

SETINDIABIZ - DELHI
4.7
Based on 701 reviews
powered by Google
Nishant kumarNishant kumar
07:29 28 Oct 22
Registration no more a tedious task with setindibiz.All process are simplified.Just sign some documents and get you establishment registered.
Sandeep KumarSandeep Kumar
05:23 30 Sep 22
A good platform for small businesses. They have professional team which helps since inception to all the tax compliance.
Rachit JainRachit Jain
13:48 12 Aug 22
Absolutely great service, professional is all aspects, good guidance and follow up, helped me get my startup recognition in no time. Totally recommend their services.
shyam kumarshyam kumar
08:54 12 Jul 22
Applied for startup recognition certificate, work done in scheduled time with good coordination of teamThank u
khushalkj jainkhushalkj jain
12:59 24 Mar 22
Shubendu was good, in explaining what would work well for us in terms of company registration and overall process was smooth.Giving 4 star as i had to followup on a couple of occasions , otherwise all good.
MakeMyRender 3DMakeMyRender 3D
11:47 15 Mar 22
I'm very happy to apply my Company Registration with Setindiabiz.Below are the reasons:Very ProfessionalEverything was done as per committedYou get every help when you need.All the coordinator was very proactiveAll my appreciation and a big thank you to the team from Setindiabiz.
Anil NagpalAnil Nagpal
02:08 05 Mar 22
I have interacted with Mr. Sushant on our day-to-day work with SETINDIABIZ and he is amazing gentleman. Quick response and soft spoken are his great strengths. I enjoy interacting with him.
rapoliitrapoliit
11:04 02 Mar 22
I am happy with flawless work. ease of accomplishing . In time delivery. I am still IN for their services.
poonam sharmapoonam sharma
10:05 28 Feb 22
Very helpful and responsive. Good job by Ms Bhavika.
Siddharth GuhaSiddharth Guha
07:04 26 Feb 22
Timely Service and reminders provided along with proactive assistance in all matters of financial accounting.
Jaibir LohoknaJaibir Lohokna
02:04 25 Feb 22
Extremely responsive great team. I had a wonderful experience. The team kept me updated of every action and executed the task expeditiously. I wish Ms Misba from SetIndiaBiz and her team all the very best in every future endeavours of theirs.
Saud SayedSaud Sayed
10:54 23 Feb 22
Great services for filing for income tax, GST registration and company registration. Have been using their services for the last 5 years. No need to visit any of their offices as everything happens on the phone and online.
js_loader

Leading Brands Rely On Our Expertise

innovecaer
pepperfry
aviva
hotgen
doquity
it
Atlas
zopper
pharma clinik
porter
larson and turbo
exitel
Carwale
lotte
Deon
indian post
testbook
oskar